Donald Trump was elected the 45th president of the United States in a stunning repudiation of the political establishment that jolted financial markets and likely will reorder the nation’s priorities and fundamentally alter America’s relationship with the world. The real-estate developer and reality-TV star, a Republican who has never held public office, defeated Democrat Hillary […]
Gold prices pushed higher during Europe’s session on Tuesday, but gains were limited as the U.S. dollar rose to the highest level since February amid heightened expectations that the Federal Reserve will hike interest rates before the end of this year. Gold for December delivery on the Comex division of the New York Mercantile Exchange […]
When a Chinese home-appliance company announced a plan in May to become the largest shareholder in one of Germany’s most advanced robot manufacturers, the backlash was immediate. German politicians and European officials denounced Midea Group Co.’s offer for Frankfurt-listed Kuka AG, whose robotic arms assemble Airbus jets and Audi sedans. In a rare public appeal […]
Is China’s growth too steady to be true? The world’s second largest economy has now posted exactly the same pace of growth for three quarters in a row. Analysts warn that such consistency isn’t sustainable and fails to give a full picture of what’s really going on. China has gotten a lift this year from […]
The past week has seen some interesting statements from both the Bank of England and the US Federal Reserve on inflation expectations and their respective near term targets. Statements from both the BoE’s Mark Carney and the Fed’s Janet Yellen seemed to suggest that both central banks were prepared to let the economy run “hot” […]
Global stocks and the dollar edged up on Friday, erasing some losses from the previous day, as stronger-than-expected Chinese inflation data eased some concerns about the health of the world’s second-biggest economy. September producer prices in China unexpectedly rose for the first time in nearly five years, while consumer inflation also beat expectations, setting the […]
London’s housing market faces severe price declines if the U.K.’s vote to leave the European Union triggers an extended period of economic weakness, according to UBS Group AG. A severe recession could halt the “unsustainable price growth fueled by ample liquidity and tight supply,” UBS said in a report accompanying its Global Real Estate Bubble […]
BRUSSELS (Reuters) – Most European Union states want to postpone new EU rules meant to protect investors in life insurance, funds and other retail financial products because parts of the reform might be misleading. In a joint statement, 23 of the 28 EU states have urged the European Commission to delay by one year the […]
U.S. bank Citi (C.N) is seeing business pick up in Russia as the country’s economic crisis abates and is staying as engaged as it can given Western sanctions, its Russia head said. Marc Luet, who is also Citi’s head for Ukraine and Kazakhstan, said his bank has become busier with Russian mergers and acquisitions (M&A) […]
A lot of retirees have gone through this thought process in the last few years: I’m retiring. I need income to supplement my Social Security. In the old days, you could have cash in the bank, in CDs, and get 6-7% a year. Now you get zero. So people turned to government bonds, but the […]